1 14.28 points Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Skipped Total assets eBook Hint Print References Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Ye Ago 2 Yes Ago $288,669 $ 33,853 $ 35,264 82,244 107,670 59,842 47,494 79,077 52,113 9,327 267,923 8,797 3,958 245,873 220,921 $495,833 $427,442 $ 359,000 $ 122,228 $ 70,793 5 46,544 92,284 95,362 163,500 163,500 117,821 $495,833 97,787 $427,442 5 359,800 81,901 163,500 67,855 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below.